Bitcoin ETFs attract inflows amid Coldcard hack security concerns
U.S. spot Bitcoin exchange‑traded funds saw strong investor demand in early August, recording net inflows of $170 million on Monday and $211.5 million on Tuesday, followed by a weekly total of roughly $381 million. BlackRock’s iShares Bitcoin Trust (IBIT) was the dominant driver, pulling in $111 million on Monday and $170 million on Tuesday, accounting for about two‑thirds of the total flow.
The surge coincided with renewed debate over custody after a high‑profile Coldcard hardware‑wallet breach. Galaxy Research estimated the incident may have compromised up to 7,300 Bitcoin addresses and resulted in roughly $130 million of suspected losses. The security episode appears to have shifted some investors toward regulated ETF products that offer institutional custody.
On‑chain data released after the hack showed a net inflow of 11,163 BTC to centralized exchanges on July 31, indicating that smaller holders moved assets back to custodial platforms. Ethereum spot ETFs also recorded inflows, adding $53.75 million on August 4, while Bitcoin’s price hovered near $64,000 throughout the period.
Entities: Bitcoin · BlackRock · Coldcard · Coldcard hardware wallet · Fidelity Wise Origin Bitcoin Fund · Galaxy Research · Invesco Galaxy Bitcoin ETF · SoSoValue · U.S. spot Bitcoin ETFs · iShares Bitcoin Trust (BlackRock) · iShares Bitcoin Trust (IBIT)
Claims
What the coverage asserts, and how well corroborated each claim is across sources.
- [● 2 SOURCES] Total net inflows into Bitcoin spot ETFs for the week ending early August reached about $381 million. (CryptoSlate reporting)
- [○ 1 SOURCE] Ethereum spot ETFs recorded net inflows of $53.75 million on August 4. (SoSoValue data)
- [● 2 SOURCES] BlackRock’s iShares Bitcoin Trust (IBIT) led the inflows with $111 million on Monday and $170 million on Tuesday. (Farside Investors data)
- [● 2 SOURCES] The Coldcard hardware‑wallet hack may have affected up to 7,300 Bitcoin addresses and caused about $130 million in suspected losses. (Galaxy Research estimate)
- [● 3 SOURCES] Bitcoin’s price hovered near $64,000 during the early‑August inflow period. (Market price reports)
- [○ 1 SOURCE] On July 31, on‑chain data showed a net inflow of 11,163 BTC to centralized exchanges after the Coldcard hack. (On‑chain analysis)
- [● 3 SOURCES] U.S. spot Bitcoin ETFs recorded net inflows of $170 million on Monday and $211.5 million on Tuesday. (SoSoValue data)